Market analysts and central banks often use the implied volatility of FX options as an indicator of expected exchange … deviate the value of implied volatility from the exchange rate variability expected by the market. These biasing factors are … one month. However, implied volatility provides a biased estimate, and does not encompass the information included in …

relationship between currency futures trading activity and spot volatility. Moreover, in the case of four out of the total of five … currencies discussed in this paper, futures trading activity adds significantly to spot volatility. …

, inflation rate, interest rate and real GDP in Turkey. It provides a descriptive data analysis in order to understand the …

This study investigates volatility spillovers between two stock markets, Turkish and Brazilian, located in different … volatility spillovers from Istanbul Stock Exchange (ISE) to São Paulo Stock Exchange (BOVESPA). The results imply that financial … crises may change the size and the direction of volatility spillovers between markets. …

evolves over time and that it is different under different market conditions defined by exchange rate volatility. Further, we …

choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … lower output volatility while greater exchange rate stability implies greater output volatility, which can be mitigated if a … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …

comparing the short-term (i.e. month-to-month) volatility of New Zealand's exchange rate to other economies, on a trade …-term volatility out of the economies included in the analysis. Factors that affect the expected relative return on New Zealand dollar …

increases exchange rate volatility (and spread) for the next minutes but that intervention days show a lower degree of … volatility (and spread) than non-intervention days. We also show for intraday data that the price impact of interbank order flow … position taking, the targeted exchange rate range holds and volatility, spread and price impact go down. Overall, the credible …